The economic decisions of individuals are influenced not only by cognitive processes, but also by the country-specific institutional environment (Williamson, 2000), which consists of formal institutions (laws and regulations) and informal institutions (cultural norms and values) (North, 1990). The literature shows that entrepreneurial intent is moderated by cross-cultural differences (Autio et al., 2000; Krueger and Kickul, 2006). However, no study examines the effects of both aspects of institutional environment on entrepreneurial intent. The objective of this study is to examine the influence of the formal institutional environment and national culture on entrepreneurial intent and its antecedents.